#AltcoinSeasonLoading $BTC
The Bitcoin (BTC) currency experienced a significant rise over the past week, surpassing the $100,000 mark for the first time since February 2025, reaching levels close to $103,600 on May 10. This increase reflects a strong recovery of nearly 40% since its lowest levels in April, when it dropped to around $76,000.
Technical Analysis:
Key Support: The $102,268 level is considered critical support, and it is advised to maintain long positions as long as the price stays above this level.
Next Resistance: Analyses indicate that the next resistance is at $104,325, and if it is breached, the price may target $106,152 as a potential upward target.
Momentum Indicators: The Relative Strength Index (RSI) shows high levels, indicating strong bullish momentum, with the possibility of short-term corrections due to overbought conditions.
Market Influencing Factors:
Institutional Interest: Digital asset funds have seen cash inflows of $5.5 billion over the past three weeks, of which $1.8 billion was directed towards Bitcoin products, reflecting increasing interest from institutional investors.
Future Expectations:
Some analysts expect the bullish trend of Bitcoin to continue, with the potential to reach levels between $120,000 and $130,000 by June or July 2025.